Aaand It Just Keeps Getting Worse For German Manufacturing (And French Services)
Riders on the storm.
Riders on the storm.
At least we know what 2019’s consensus longs are.
“Intensive negotiations over the last few weeks have resulted in a solution.”
What in God’s name is this fresh craziness?
Oh, the irony…
On message – assuming you can decipher what the message was supposed to be.
“…for an extended period of time past the date when it starts raising the key ECB interest rates.”
The headline hockey has now become a complete and utter farce.
Europe can’t catch a break.
Draghi is going to need to pull out all his tricks on Thursday.
“…often go awry.”
Strap in for a full docket.
You’d be forgiven for being skeptical.
“There’s no question about it.”
Market participants will focus on oil, the greenback, Italy’s response to Brussels and Brexit in the week ahead.
Blame non-existent nukes and the previous administration.
Good luck – you’re going to need it.
There’s more bad news for Italy.
This is, frankly, an unfortunate development to the extent you view Merkel as the guardian of a Western democratic order that is under siege on a daily basis.
“Shock and disbelief”.
It can’t possibly be as bad as last week, right?
Pick a catalyst, any catalyst.
Is this enough to make Tuesday’s rally sustainable?
It’s that time again.
Around the world in 1,300 words.
How much can you process?
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